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foreclosure: Lenders Accelerating the Foreclosure Process Throughout California! - 12/20/11 09:46 PM
Lenders Accelerating the Foreclosure ProcessThroughout California!
Throughout the major California markets resale home inventories aredown to almost a two-year low.

Lenders are preparing to liquidate their "shadow inventory" in anticipation of the spring selling season heating up.    Going to the next step, lenders have accelerated filing Trust Deed sale notices by following through on backlogged (pending) NOD notices.
News events point out the decline in bank stock prices providing further motivation for banks needing more liquidity.
Accomplishedreal estate writer Alejandro Lazo of the Los Angeles Times has provided statistical data that points to waves of inventory about to hit … (2 comments)

foreclosure: When can you buy a home again after a Short Sale or Foreclosure? - 11/07/11 10:18 PM
When can you buy a home again after a Short Sale or Foreclosure?
 
Here are the general guidelines followed FHA Lenders.  Just another reason why short sale is better than a foreclosure if you can't get a loan modification from your lender
Foreclosure/deed-in-lieu:  3 years from date foreclosure was completed and less than 3 years from date of foreclousre may be acceptable depending on the results of acceptable extenuating circumstances.
Short Sale:  3 years from the date of the transfer of the property to a new owner and no waiting period if borrower had no late payments on any mortagages … (2 comments)

 
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Laura Lake - La Quinta Short Sale Specialist

La Quinta, CA

More about me…

Keller Williams Realty La Quinta

Address: 47170 Washington Street, La Quinta, CA, 92253

Office Phone: (760) 601-3000

Cell Phone: (760) 609-4601

Email Me


Many homeowners are asking themselves a very difficult question.  "Do I Short Sale my Home or stay and tough it out?"
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